Wednesday - March 29, 2023

Today's newsletter will take 2.63 minutes to read.

DRS UPDATE: 61.83%* (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• Highlights from the GameStop 10-K

Good Morning! This is Mother Squeezer, the newsletter that is feeling re-seal-ient after this lengthy beating and brings you updates and insights along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

Things were pretty quiet yesterday. Both GME and BBBY traded within a tight range with lower than average volume.

One of the reasons BBBY has been diminishing in share value is because of all the dark pool activity. Since the beginning of the month, more than half of all trades have occured in ATS (alternative trading systems) better known as dark pools.

Yesterday, the BBBY dark pool volume was almost 77%. u/kjk42791 compiled the dark pool activity for the past 4 weeks and shared his findings:

It's been long speculated that running buy orders through the dark pool is a mechanism to not have buying pressure affect the stock price. This coupled with running the sell orders on the lit exchange is a sure fire way to drive a stock down.

Tuesday Recap: BBBY traded between a low of $0.78 and a high of $0.83 before closing at $0.79. Trading volume was 23.42 million shares.

Cost to borrow: There were 450,000 shares available to borrow this morning and as of now, 0 remain. The cost to borrow has remained extremely elevated at 92.5%.

Pre market: Bed Bath and Beyond is trading up $0.01 to $0.80 an increase of 0.92% on over 325 thousand volume.

Max pain: The current max pain for BBBY has remained at $1.00.

Tuesday Recap: GME traded between a low of $22.22 and a high of $23.54 before closing at $23.15. Trading volume was 5.71 million shares.

Cost to borrow: There were 1,000,000 shares available earlier this morning. Currently there are 150,000 remaining. The cost to borrow has dropped to 15.2%.

Pre market: GameStop is trading up $0.11 to $23.26 an increase of 0.48% on around 32 thousand volume.

Max pain: The current max pain for GME has climbed to $23.00.

GameStopNFT tweeted:

This is a repeat from yesterday but we wanted to remind you about the 1pm EST update this afternoon.

Did you know?

There are 2 GMERICA collaborations in the GameStopNFT marketplace. One is with Metaboy and the other is with ITZAH.

Take a look at the Metaboy collaboration below:

Highlights from the GameStop 10-K

Yesterday after market close, GameStop released its annual report (10-K). Below are some highlights:

It's nice to see the DRS and PowerUp membership numbers climb! Great job GameStop!

Spread the Word

We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!

Some of our Favorite Resources

Start Here

BBBY: ThePPShow

GME: Richard Newton

Computershared.net

For errors, omissions or if you have something to share? Let us know!

Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.